Chicago, IL 60639 4862 W Cortland Street
$550,000



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Presented By: Compass
Home Details
Exceptional investment opportunity in the heart of Chicago's desirable Cragin neighborhood! This spacious multi-family property offers approximately 2,540 sq ft of living space on a generous 6,300 sq ft lot, making it ideal for both investors and owner-occupants. Featuring 6 bedrooms and 2 bathrooms, this classic building provides ample space for rental income, multi-generational living, or a value-add renovation project. Built in the early 1900s, the property retains its solid structure while offering the opportunity to modernize and increase equity. The home includes a full unfinished basement, and attic perfect for storage or future finishing, and sits on a wide lot with room for outdoor space or parking enhancements. Located on a residential street, the property benefits from a walkable location with access to public transportation, schools, and local amenities. Whether you're looking to generate rental income, house hack, or renovate and resell, this property delivers strong potential in a stable Chicago market where multi-unit properties remain in high demand. Click on Virtual Tour for PICS!
Presented By: Compass
Interior Features for 4862 W Cortland Street
Bedrooms
Bedrooms Possible6
Total Bedrooms6
Bathrooms
Full Baths Building2
Half Baths Building
Total Baths2
Other Interior Features
BasementUnfinished, Full, Walk-Out Access
Total Number of Units2
General for 4862 W Cortland Street
Additional Parcels Y/NNo
CityChicago
Construction MaterialsVinyl Siding, Frame
ContingencyAttorney/Inspection
CountyCook
DirectionsNORTH ON CICERO WEST ON CORTLAND TO PROPERTY
Elementary SchoolLloyd Elementary School
Elementary School District299
HeatingNatural Gas
High SchoolForeman High School
High School District299
MLS AreaCHI - Belmont Cragin
Middle/Junior School District299
New ConstructionNo
OwnershipFee Simple
PossessionNegotiable, Tenant's Rights
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount6774.33
Tax Year2024
Total Rooms10
TownshipJefferson
Virtual TourClick here
Year Built1903
ZoningMULTI
Exterior for 4862 W Cortland Street
Lot Dimensions50X126
Parking FeaturesAlley Access, Yes, Owned
Total Parking5
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
N/A
High School
Foreman High School
Elementary School
Lloyd Elementary School
